10 Best Childcare Franchise Opportunities 2024

Currently, many entrepreneurs are driving towards owning a childcare franchise, but there are so many options available in the market that choosing the best among the best becomes challenging. For this reason, we’ve made a list of the 10 best childcare franchise opportunities that you can own in 2024.

To state the facts about this industry, according to The Business Research Company, the childcare industry will grow from $310.3 billion in 2023 to $332.51 billion in 2024.

So, if you are thinking of entering this profitable industry, then you have landed on the right page. In this article, we will understand the factors that are crucial to consider before investing and the 10 best childcare franchises to own.


10 Best Childcare Franchise Opportunities

1. Kumon

10 Best Childcare Franchise Opportunities- Kumon
Founded1954
Franchising Since1958
Estimated Outlets26,244
Initial Investment$68,428 – $146,640
Franchise Fees$2,000
Liquidity$70,000
Royalty Fees$36-$40.50/student/mo.

Kumon Math & Reading Centers started in Japan in 1954 as a father’s gift to his son. The learning technique of the reading center focuses on specialized, example-based worksheets.

The franchise is more than a tutoring club as it lets you contribute positively to the betterment of society. Kumon Math & Reading Center is a huge company overseas, with over 24,000 franchised locations.

It is a major player in the United States, boasting more than 1,500 locations nationwide. Most importantly, it has been highly ranked in Entrepreneur’s Franchise 500 for decades on the end.

Read our complete article to get more details on Kumon Franchise.

2. Kiddie Academy

10 Best Childcare Franchise Opportunities- Kiddie Academy
Founded1981
Franchising Since1992
Estimated Outlets312
Initial Investment$370,000 – $6,770,000
Franchise Fees$145,000
Liquidity$250,000
Royalty Fees7%

Kiddie Academy is a company founded in 1981 by George and Pauline Miller and began franchising in 1992. It is a childhood center franchise center that offers education-based academic and social studies for children in the United States.

Its main focus is on providing an environment where children can have fun and also learn in the meantime. It provides social and academic enrichment for children between 6 weeks and 12 years of age.

You don’t need professional experience background in the industry or as a manager to quality for a Kiddie Academy franchise. They let their proven business model teach you how to operate their business.

To get more details on the Kiddie Academy Franchise, read our complete guide.

3. Mathnasium

Mathnasium
Founded2002
Franchising Since2003
Estimated Outlets1,110
Initial Investment$112,891 – $149,346
Franchise Fees$49,000
Liquidity$112,750
Royalty Fees10%

Mathnasium was founded in 2002 and quickly started franchising in 2003 to expand its network. It is a math learning center franchise for children where they spend time completing math assignments.

Currently, the company operates over 1,000 stores in North America, Europe, Middle East and Asia. Not only this, but it is also among 10% of Entrepreneurs Magzine’s 2021 Franchise 500 and Franchise Directs Top Global Franchisees in 2021.

Mathnasium doesn’t have any financial requirements from the franchisees. It’s enough if you have enough capitalization to open the store up.

Get more details by reading our article on Mathnisum Franchise.

4. The Goddard School

The Goddard School
Founded1983
Franchising Since1988
Estimated Outlets612
Initial Investment$879,950 – $7,584,950
Franchise Fees$135,000
Liquidity$250,000-$275,000
Royalty Fees7%

Since its founding in 1983, the Goddard School has become the leader in childcare as one of the largest franchised preschool systems.

The company offers year-round programs for ages 6 weeks to 6 years, including summer programs and after-school enrichment. The teachers of this school collaborate with parents to help nurture children to become respectful, confident, and joyful learners.

If you are a passionate business professional looking for a career change, the opening of the Goddard School franchise may be viable for you.

5. Primrose Schools

Primrose Schools
Founded1982
Franchising Since1988
Estimated Outlets507
Initial Investment$651,900 – $8,453,500
Franchise Fees$80,000
Liquidity$650,000
Royalty Fees7%

Primrose Schools was founded in 1982 by Paul and Marcy Erwin in Marietta, Georgia. It began franchising in 1988 and since then has expanded to operating 425 franchise locations.

The company generally focuses on providing the best solution by fostering great relationships and unitizing a broad curriculum.

So, if you are a potential franchisee having prior experience in teaching or administration and a passion for early childhood education, then owning the Primrose School is an ideal option for you.

6. Lightbridge Academy

Lightbridge Academy
Founded1997
Franchising Since2011
Estimated Outlets69
Initial Investment$621,233 – $5,202,500
Franchise Fees$40,000
Liquidity$200,000
Royalty Fees7%

Lightbridge Academy is a childcare franchise that was founded in 1997 and began franchising in 2011. It builds its philosophy and culture on family values. The brand tries to create genuine and positive relationships with every family member of the child.

The perfect candidate for Lightbridge Academy is one who possesses integrity and shares the core values of the brand.

To own this franchise, you need an initial investment of $621,233 – $5,202,500 and a worth of $1,000,000.

7. Hungtington Learning Center

Founded1997
Franchising Since1985
Estimated Outlets286
Initial Investment$154,063 – $264,028
Franchise Fees$36,000
Liquidity$110,000
Royalty Fees9.5%

Huntington Learning Center is a learning center started in 1977 by Eileen and Ray Huntington. They wanted to do more than prepare the students for tests. They preferred to teach basic study skills to students to help them grasp the concepts better in the long run.

Moreover, the learning center focuses on offering opportunities to franchisees who are passionate about education and driven by growth.

So, if you are looking for a franchise that stands out from the rest, then this may be an excellent opportunity for you. However, you need to ensure that you fulfill the financial requirements of the franchise.

8. The Learning Experience Academy Of Early Education

The Learning Experience Academy Of Early Education
Founded1979
Franchising Since2003
Estimated Outlets354
Initial Investment$590,034 – $5,467,543
Franchise Fees$60,000
Liquidity$150,000
Royalty Fees7%

After opening in 1979, The Learning Experience Academy Of Early Education has been teaching children of 6 weeks to 5 years of age.

It began franchising in 2003, and since then, it has expanded to open more than 250 in-person education franchises throughout the United States.

It offers daycare and early childhood education programs. The company states its ideal candidate is a person who is passionate about providing innovative early childhood. Moreover, it doesn’t require any prior experience in education to be a franchisee.

9. KidsPark Franchise

KidsPark Franchise
Founded1988
Franchising Since2003
Estimated Outlets21
Initial Investment$293,250 – $516,500
Franchise Fees$30,000
Liquidity$50,000
Royalty Fees5%

KidPark was founded by Debbie Milner in 1988. Since then, it has offered numerous unique childcare solutions with fun and safe play spaces.

The company operates an hourly preschool program, drop-in childcare center, and private parties for children ages 2 to 12 years. Since the commencement of the company, KidsPark has opened more than 20 childcare centers across multiple states.

To own this franchise, you need an initial investment of $293,250 – $516,500 and a net worth of $100,000.

10. Montessori Kids Universe

Montessori Kids Universe
Founded1988
Franchising Since2013
Estimated Outlets16
Initial Investment$556,068-$1,132,808
Franchise Fees$64,500
Liquidity$150,000-250,000
Royalty Fees7%

Montessori Kids Universe is the premier international preschool franchise offering an authentic Montessori and Reggio Emilia inspired curriculum. The learning center discovered a methodology on how children learn at an individual level.

The fundamental component in Montessori is based on social grace and courtesies. Since the learning center opened in 1988, it has expanded to 16 locations.

To own the franchise you require an initial investment of $556,068-$1,132,808 and net worth that ranges between $150,000 – $550,000.


When Should You Choose A Childcare Franchise?

There is no right time to choose a childcare franchise. So, evaluate these points to make an informed decision:

1. Research

The right time to choose a childcare franchise is when you have done thorough research on the industry and location.

Therefore, research the customer base, competition, and the potential for growth in the area. This will help you determine whether your childcare franchise will flourish in your area or not, ultimately helping you decide when you should choose a childcare franchise.

2. Skills

The next thing is to evaluate your skills and ability to conduct the franchise business. So, ask yourself whether you possess the necessary skills or need any training.

Most often, franchises require you to possess management skills, while others will provide the necessary training in order to make you skilled in operating the franchise.

3. Follow The Rules

This is the most important thing to ask, as with franchising comes the rules and regulations of the franchisor. While most franchisors require you to follow the rules and regulations of the franchise strictly, some will require you to follow only the necessary ones.

If you have considered all these points, then you are ready to own a childcare franchise.


Factors To Consider Before Investing In A Childcare Franchise

Here are 5 things to know before you invest in a childcare franchise:

1. Cost

When owning a franchise, the first thing you should do is check the investment. Consider how much you are able to put towards the initial investment of buying a daycare franchise. Will you need to take out a loan?

The fees include the initial investment, royalty fees, startup costs, accounting fees, and legal fees. Therefore, you must get your finances in place and ensure you know all the fees and costs associated with operating the childcare franchise.

2. Competitors

The next thing to check is the competitors in your area. Also, check if your location is oversaturated with childcare and daycare franchises.

You should also study the strategies of the competitors in your area and look for ways to differentiate your franchise from them.

3. Flexibility

This includes the rules and regulations implied by the franchisor. Flexibility also includes hours of operation, staff wages, software systems, or the duration of training.

Therefore, make sure you are aligned with the values of the franchise before you sign the franchise agreement.


Comparison Of 5 Best Childcare Franchises

Company NameKumonKiddie AcademyMathnasiumThe Goddard SchoolPrimrose Schools
Founded19541981200219831982
Outlets 26,2443121,110612507
Franchise Fee $2,000$145,000$49,000$59,950$80,000
Initial Investment $68,428 – $146,640$370,000 – $6,770,000$112,891 – $149,346$879,950 – $7,584,950$651,900 – $8,453,500
Royalty Fee$36-$40.50/student/mo.7%10%7%7%


Conclusion

So, overall, this is our list of 10 best childcare franchise opportunities that you can own in 2024 and start your successful franchise business.

However, before signing any contract, ensure that you have clarity of all the terms and conditions of the franchisor. For this, you can also hire an attorney with experience and knowledge of the industry.

Moreover, you can ask other franchisees in your area about how they are conducting the franchise and also about the conduct of the franchisor.


FAQs

Which is the cheapest childcare franchise?

According to our list, the cheapest childcare franchise is Kumon, as it requires an initial investment of $68,428 – $146,640, which very less compared to other franchises.

How much does it cost to open a childcare franchise?

The average cost of opening a childcare franchise ranges between $68,428- $8,453,500.

What is the profit margin of a childcare franchise?

Investing in a childcare franchise can be a rewarding and lucrative business opportunity. However, there is no universal benchmark for the profit margin, but a profit margin of 5-10% is deemed as good.

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